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Bankless

David and Anthony Discuss the Crypto Meta

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 19 August 2023

⏱️ 71 minutes

🧾️ Download transcript

Summary

David speaks with Anthony from the Daily Gwei about the current crypto meta, price swings, and emerging narratives from around the Ethereum sphere.

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RESOURCES

Anthony Sassano 
https://twitter.com/sassal0x 

Daily Gwei
https://twitter.com/thedailygwei 

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Transcript

Click on a timestamp to play from that location

0:00.0

If the longer you wait, the more people take leverage.

0:04.2

So like, as liquidations don't happen,

0:08.5

like people just like, okay, I'll take leverage now.

0:11.6

Yeah, yeah, especially if you're going sideways

0:14.1

for so long, which is what happened.

0:15.4

And like the fact that there's no real new money coming in.

0:19.2

I mean, I think we can obviously see that

0:21.2

given that pretty much everything retraced

0:23.6

its entire pump after the ripple SEC kind of win.

0:27.6

You know, we had that big ass pump like everything went nuts,

0:30.2

especially XRP.

0:31.7

And now if you look at everything,

0:33.6

it's back to basically what it was before all that happened.

0:36.2

And I think that just signifies that really all the money

0:38.8

that was pumping up the market was just the same money

0:41.3

that was already here.

0:42.2

There was no follow through from the new money

0:44.4

because I've been saying this for ages on my own show

0:47.0

that during these crab markets,

0:49.0

the reason why it crabs is because there's no new money.

0:51.6

And this recent time seemed to have been, as you were saying,

0:54.6

all that leverage just building up from people

...

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